Local 1430 I.B.E.W Pension Plan Notice

This document is about a notice from the Local 1430 I.B.E.W Pension Plan informing participants that the plan has been certified as being in critical status for the 2019 plan year. It explains the implications of this status, including the requirement to adopt a rehabilitation plan that may reduce or eliminate certain "adjustable benefits." The document also outlines the employer surcharge that will be applied until a rehabilitation plan is adopted.